Most recently, Henry has laid out a new metric for assessing the performance of trading systems, which can also be applied to assessing one's own discretionary trading. He has developed a tool that employs this metric, that allows anyone who trades to enter in their data and evaluate their performance. Such ways of objectively measuring performance are valuable in institutional settings (where performance dictates capital allocations), but can also be helpful in self-evaluation and goal-setting. Great stuff!.

About Me

Author of The Psychology of Trading (Wiley, 2003), Enhancing Trader Performance (Wiley, 2006), and The Daily Trading Coach (Wiley, 2009) with an interest in using historical patterns in markets to find a trading edge. I am also interested in performance enhancement among traders, drawing upon research from expert performers in various fields. I took a leave from blogging starting May, 2010 due to my role at a global macro hedge fund. Blogging resumed in February, 2014, along with regular posting to Twitter and StockTwits (@steenbab).